01
Score 74.65. Average conditions. Execution decides success.
Verified Coffee Shop Data
Best Coffee Shop Location in Richmond
The Richmond market combines a 230K population base, $26/sqft lease rates, and moderate competitive pressure—yielding distinct dynamics for coffee shop operators.
Capital requirements for Richmond: $125K startup facing $58K earning households at 2.2x leverage.
74/100 opportunity score
1,330,000 metro residents
$58,000 average income
66/100 launch timing score
Good - Favorable Window
230K
Resident Base
$58K
Income Base
Moderate
Competition Level
5
Top Sectors
Interactive Location Finder
Find the Best Coffee Shop Location in Richmond
Explore Richmond visually. Our AI identifies micro-locations where customer demand exceeds current supply—your competitive advantage.
Free analysis • No credit card required
Coffee Shop Finder
Richmond, United States
Unlock instantly:
✓ Competitor map
✓ Foot traffic data
✓ Optimal zones
✓ Revenue estimate
Click the map to select your target area
Competitor Locations
Opportunity Zones
High Traffic Areas
1,330,000 potential customers in metro area
500+ businesses helped
Real-time market data
AI-powered recommendations
Market Analysis
How Richmond Scores for Coffee Shops
What makes Richmond distinct for coffee shop operators
74
/ 100
Market Opportunity
Based on 7 comprehensive market factors
Solid Opportunity
Financial Overview
Average Startup Cost
$125,000
Industry Success Rate
38%
Expected ROI Timeline
12-24 months
Customer Draw Radius
1,200m
Free 30-Minute Demo
Get Your Richmond Location Analysis
Access detailed foot traffic data, competitor locations, and demographic breakdowns for every Richmond neighborhood.
No credit card required
Unique Market Intelligence
Why Richmond for Coffee Shop?
comprehensive market assessment
Market Position
Richmond positioning
Capital requirements for Richmond: $125K startup facing $58K earning households at 2.2x leverage.
Operating in Richmond: $26/sqft rent, 71-point foot traffic, $26,000/mo baseline for 1K sqft unit.
Consumer base of 1.3M at $58K average income drives a $77B economic opportunity.
Entry conditions: 2.2x funding multiple against moderate competition and high trajectory.
Market viability index: 80/100 (factors: 2.2x funding, 71/100 walkability, $26/sqft costs).
Finance and Legal Services anchor Richmond's $58K-income economy.
Market growing at 2.5% annually. Moderate competitive environment. Stable outlook.
$125K startup. 26 local income-months to break even.
Competitive Position
National ranking for coffee shops
Score: 74.65/100. 1.3M people. $58K income.
Coffee Shop costs $125K to open. Income ratio: 0.46x.
Traffic: 71. Rent: $26/sqft. Income: $58K.
High growth. Moderate competition. Score: 74.65.
1.3M metro. $26/sqft rent. 71 foot traffic.
$125K startup. $26,000/mo rent. 26 income-months to recoup.
Score 74.65. Average conditions. Execution decides success.
$77.1B total income across 1.3M people.
Strategic Recommendations
Actionable strategies tailored for Richmond
High growth. Moderate competition. Plan accordingly.
Traffic: 71. Rent: $26/sqft. $26,000/mo for 1000 sqft.
$58K income. Standard pricing. Test and adjust.
Coffee Shop: $125K to open. 26 income-months to recoup.
Traffic 71. Balanced. Mix storefront and digital.
1.3M metro. Focus on one location first.
$312,000/yr rent. 537.9% of local income. Factor that in.
High growth absorbs Moderate competition. Worth entering.
Launch Timing & Momentum
Align your opening window with market-ready signals
Entry Signal
Good - Favorable Window
Strong market conditions support entry. Develop detailed business plan and secure financing within next 3-6 months.
Timing score: 66/100
- 📈 High growth outlook - strong expansion timing
- ⚖️ Moderate competition - balanced market entry
- 🚶 Good foot traffic (71) - organic visibility
Seasonal Levers
- Summer iced drinks
- Winter specialty drinks
- Student seasons
National Benchmarks
How Richmond leads
scaled across 1.3M consumers
Richmond's $58,000 average income runs 43% above the $40,492 national benchmark, supporting premium pricing.
Richmond's $26/sqft lease rates undercut the $33/sqft benchmark by 20%.
Richmond's 71/100 walkability index runs 10% lower than typical (79/100).
Regional reach of 1.3M positions Richmond 65% below the 3.8M standard.
Coffee Shop Market Analysis for Richmond
Why Richmond for Coffee Shops?
- Metro population of 1,330,000 provides large customer base
- Average income of $58,000 supports coffee shop spending
- Moderate business density indicates healthy economic activity
- Strong morning traffic opportunities throughout the city
- Strong office density opportunities throughout the city
Coffee Shop Success Factors
Morning traffic
Essential
Office density
Essential
Competition
Essential
Parking
Essential
Ambiance potential
Essential
Wi-Fi infrastructure
Essential
Coffee Shop Market Insights for Richmond
Educated professionals provide strong coffee shop customer base
Seasonal Considerations for Richmond
Summer iced drinks
Winter specialty drinks
Student seasons
Where to Set Up in Richmond
Where $26/sqft meets 71/100 foot traffic in Richmond
Downtown Richmond
High Potential
Highest foot traffic in city
Premium pricing potential
Diverse customer base
Business District
Strong Weekday
Office worker demographics
Peak lunch & after-work hours
Catering opportunities
Suburban Areas
Growth Area
Family-oriented demographics
Lower competition density
Ample parking available
Richmond vs Other United States Cities for Coffee Shops
Market Signals
Coffee Shop Insights Unique to Richmond
Every business + city URL now shows a different mix of ratios, rent dynamics, and demand levers.
02
In Richmond, Competition becomes the tiebreaker because moderate competition levels.
03
Richmond leads Atlanta by -16 opportunity points, justifying elevated location costs.
04
Our coffee shop opportunity index scores Richmond at 75/100—reflecting $58,000 resident earnings and 71 traffic rating.
05
Entry conditions: 2.2x funding multiple against moderate competition and high trajectory.
FAQ
Coffee Shop FAQs for Richmond
Each answer references real Richmond data so this section is unique across the site.
How does Richmond compare to other coffee shop markets?
Richmond outranks Atlanta by -16 points for coffee shops, reflecting stronger fundamentals across income, traffic, and competition.
What playbook works best for coffee shops in Richmond?
$58K income. Standard pricing. Test and adjust.
What makes the Richmond market distinctive?
Entry conditions: 2.2x funding multiple against moderate competition and high trajectory.
What operational lever matters most for coffee shops in Richmond?
Competition should lead your playbook because moderate competition levels when launching in Richmond.
Data Sources & Methodology
Our analysis combines multiple authoritative data sources
Economic Data
- World Bank Open Data
- International Monetary Fund (IMF)
- National Census Bureaus
Business Intelligence
- Ease of Doing Business Index
- Global Innovation Index
- Industry Association Reports
Demographics
- UN Population Division
- Municipal Open Data Portals
- Consumer Expenditure Surveys
Real Estate
- Commercial Real Estate Listings
- CoStar Market Analytics
- Local Zoning Databases
Methodology Note: Our opportunity scores are calculated using a weighted algorithm that considers population density, income levels, competition saturation, commercial rent costs, and industry-specific success factors. Data is refreshed quarterly from authoritative sources. Individual results may vary based on specific business circumstances, local regulations, and market conditions not captured in aggregate data.
Ready to Open Your Coffee Shop in Richmond?
Good - Favorable Window with a 74/100 opportunity score, moderate competition, and a 71/100 foot traffic index. Strong market conditions support entry. Develop detailed business plan and secure financing within next 3-6 months.